- Annual recurring revenue (ARR) increased 5% year over year to $499 million.
- Cash from operations was $34 million (28% of revenue) and free cash flow was $30 million (24% of revenue).
- Dollar-based net retention rate (DBNR) was 102%, impacted by elevated churn and downgrades due to seat optimization.
- GAAP profitability achieved for the first time in company history with a 25% non-GAAP operating margin, exceeding guidance and expanding 800 basis points year over year.
- Gross margin was 86%, at the high end of the 84%-86% target range.
- International revenue grew 12% year over year, representing 29% of total revenue.
- Operating income was $31 million or 25% of revenue, up from $20 million or 17% last year.
- Q2 revenue was $123 million, up 6% year over year.
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Dafinchi